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Oh that was not even funny;-)
The two determining factors in this question are, whither or not you want someone else to do your homework for you and you get the Bravo Zulu for it or not?
Either way the answer to your question is in your text for that weeks assignment. Just go to it and read it. Common sense would tell you that supply and demand are buddies in the Capitalistic system. The more you have of something the less it will be worth without a same or above level of demand. That is all of the help I will give for this answer, Next!
Wiki User
∙ 14y ago
Wiki User
∙ 9y agoThe supply of labor is the total number of hours the company is able to supply at a certain wage. Larger wages should make people more willing to work this job. Requirements to get this job would affect the supply of labor as well.
Wiki User
∙ 12y ago- Price of the commodity(PX)
- Factors of production(PFP)
- Price of related commodities(PR)
- Change in technology(T)
- Objectives of the firm(Ob)
- Change in excise duty(Ex)
- Desire
- Need
- Availability
Wiki User
∙ 12y agoThe physical productivity of the workers - If workers are more productive employers will be prepared to employ more people.
The price of the product changes - If the price of a product increases, employers are prepared to hire more workers.
Time period - In a longer time period, firms can vary the amount of capital and substitute labour for other cheaper factors of production.
Wiki User
∙ 14y agoPrices being low
The item is very new
Its perfect for holidays
No one wants it
SOME ARE GOOD THINS AND SOME ARE BAD
Wiki User
∙ 14y agoThe cost of living. When the cost of goods to live exceed the wages made, pressure is put on to increase the wages.
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Factors affecting demand and supply of labor?
Factors affecting demand of labor :1) Wage rates fluctuations2) The need of factor input in a firm varies with time3) Increasing training costsFactors affecting supply of labor:1) Competitive labor market2) Working condition3) Inflation
What determines the supply and demand of the factors of production?
The demand for labor is a derived demand in that it depends on a company's decision to supply output in another market. This expansion in a market that has customers is the main factor in how much the demand for labor will increase.
What is Factor Market?
The market for a factor of production, such as labor or capital, in which supply and demand interact to determine the equilibrium price of the factor.
What best explains why the law of supply and demand has an effect on labor market?
In the law of supply and demand the effect on the Labor Market is that labor is a commodity.Labor is a commodity
What best explains why the level of wages are largely determined by the law of supply and demand?
People looking for jobs constitute the supply of labor. Firms looking for employees constitute the demand for labor. Clearly then if there is a large supply of labor available and not much demand, wages will be low. If there is a large demand for labor and a small supply, wages will be high.
Factors affecting demand and supply of labor?
Factors affecting demand of labor :1) Wage rates fluctuations2) The need of factor input in a firm varies with time3) Increasing training costsFactors affecting supply of labor:1) Competitive labor market2) Working condition3) Inflation
What determines the supply and demand of the factors of production?
The demand for labor is a derived demand in that it depends on a company's decision to supply output in another market. This expansion in a market that has customers is the main factor in how much the demand for labor will increase.
What is Factor Market?
The market for a factor of production, such as labor or capital, in which supply and demand interact to determine the equilibrium price of the factor.
What best explains why the law of supply and demand has an effect on labor market?
In the law of supply and demand the effect on the Labor Market is that labor is a commodity.Labor is a commodity
What best explains why the level of wages are largely determined by the law of supply and demand?
People looking for jobs constitute the supply of labor. Firms looking for employees constitute the demand for labor. Clearly then if there is a large supply of labor available and not much demand, wages will be low. If there is a large demand for labor and a small supply, wages will be high.
What determines prices of land labor capital and entrepreneurship in the factor market?
Demand and supply in every market will determine the price differently.
What is the elasticity of labor?
The rate at which any change in labor effects demand of labor or supply.
What steps does the firm need to take to reconcile labor supply and labor demand?
Labor supply, and demand is what determines the cost of Labor. Firms must consider their margin, pricing policy, improvement costs to raise productivity, market share, and competition, to arrive at a labor level reconciliation. Or The first step a firm needs to take to reconcile labor supply and labor demand is to analyze what problems need to be resolved. The goal is to have the labor supply, which is made up of the hours employees work, equal the labor demand, which is the work that needs to be done. Some firms hire outside consultants to do this for them.
Because labor can be bought and sold in market like any other commodity the price of labor is partly determined by which of the following?
The quality of the labor and the supply. Skilled labor is worth more than unskilled. If there is a shortage of workers (labor) the price paid goes up.
What factor will cause the demand curve for labor to shift to the right?
It is something
Elements of Human Resource Planning?
Balancing labor supply and demand, analyzing current labor supply and forecasting labor demand are the three key elements of HR planning. HR planning serves as the bridge between plan of organization and resource management.
What are the factors that can influence demand for land labor capital entrepreneur?
Supply, demand, price, and cost would be the factors.
